markdown
noun
A reduction in price in order to stimulate sales.
Example sentence
- “That would be a sharp markdown from the 2.2 percent growth the IMF forecast last month.”
Related words
retailThe sale of goods directly to the consumer, encompassing the storefronts, mail-order, websites, etc., and the corporate mechanisms, branding, advertising, etc.changeTo become something different.wholesaleThe sale of products, often in large quantities, to retailers or other merchants.cashMoney in the form of notes or bills and coins, as opposed to checks, credit or electronic transactions.merchantA person who traffics in commodities for profit.paymentAn instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it.